A major control available in a small company, which might not be feasible in a large company, is:
A) fewer transactions to process.
B) a voucher system.
C) a wider segregation of duties.
D) the owner- manager's personal interest and close relationship with the personnel.
Correct Answer:
Verified
Q21: Significant deficiencies in internal control are first
Q22: When the auditor's assessment of control risk
Q23: The study of the client's internal control
Q24: Reportable conditions are matters that come to
Q27: A well- designed system of management risk
Q29: When a compensating control exists, a deficiency
Q30: It is important for the auditor to
Q31: Each key control that the auditor intends
Q36: The reason to prevent those who authorise
Q37: The most important aspect of any system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents